Which one of the following alternatives is correct? A. Goodwill is not an intangible asset when compared to property, plant, and equipment. B. In terms of South African common law, a partnership is a separate legal entity. C. When recording the valuation adjustments, if the value of a liability is decreased, the valuation account credited with the amount of a decrease. D. The selling price of a partnership is determined by the value of its assets. E. To ensure that compliance is followed, the financial statements of a partnership must be prepared according to IFRS